A special bank will protect the Russian defense industry from sanctions

The high risk of tougher sanctions by the United States, which could cut off state-owned banks from work with defense enterprises, called for the creation of a specialized bank for the defense industry, reports Kommersant.

According to the newspaper, “the main candidate for the role of a specialized bank for servicing the defense industrial complex (DIC) has become the Russian Finance Corporation (RFK), which is owned by Rosoboronexport (included in Rostec) by 100%).”

The idea of ​​creating a “bank for the defense industry” is being worked out since the signing of the US President’s Law on Counteracting America’s Opportunities through Sanctions (CAATSA) in early August by the President of the United States Donald Trump.

“One of the provisions of this law states that sanctions can be imposed on any person who carries out“ substantial transactions ”with the Russian military. Limits on such transactions must be set within 180 days from the moment of signing the law, ”the publication reminds.

At the present time, defense industry enterprises have resorted to borrowing funds from large state-owned banks, primarily Sberbank and VTB (around 90% financing), to fulfill the tasks on the state defense order. However, in the case of the introduction of sanctions specified in the US law, they will be forced to reduce work with the defense industry.

According to a newspaper source, “the concerns of the two largest banks, Sberbank and VTB, are explicable and understandable, they are afraid of applying sectoral sanctions, which will affect their own projects and capitalization.”

“But the need for the defense industry in borrowing has not been canceled,” he adds. “And the budget is simply not calculated for direct injections into the MIC.”

According to the source, “the need for lending from the defense industry will continue in the next state armaments program for 2018 – 2025 years (it must be submitted for approval to Vladimir Putin in December)”.

According to experts, it will take about a year to transform the RFK into a reference OPK bank, while the question is rather urgent. RFK is a small bank entering the third hundred in terms of assets and capital.

“We need to adapt the bank: make capital, recruit staff, and also to have all the necessary procedures, for example, for the defense industry sector,” the newspaper quotes Stanislav Volkov, head of the Validation Department, Expert RA, quoting.

Comments

[aszzz888]

... it’s a very necessary and good thing ... if only they wouldn’t "wash" grandmas ...

[NIKNN]

Quote: aszzz888

... the thing is very necessary and good ... if only they wouldn’t wash the grandmothers ...

Yes of course...

Need to adapt the bank: contribute capital

I just don’t understand what the hell we need the MINFIN at all, if everyone is afraid of sanctions and refuse to work with the defense industry in favor of the United States ...

[To be or not to be]

Katasonov about commercial banks
--Volume of the money supply of the Russian Federation = 20 trillion rubles
- money = 50 trillion rubles
-delta = 30 trillion rubles = money created by the bowels of a commercial bank These banks do not have the right to create money (this is money from the air), but only to distribute them

[stas]

It is high time that the military-industrial complex would issue money to the state-owned and not commercial bank.
Today on TV in Business Russia, I heard that if there is a discount on a product (car) - and this is the profit with which the tax should be paid, not less than 50% of the profit.
Whereas from scratch our oligarchs are tearing money from the people - this is a fascist economy.

[jjj]

Previously, there was such an option in tax law that if you buy a product cheaper than the market price, you get material benefits. And you had to withhold income tax from this difference as an individual. If the buyer is a legal entity, then the corresponding percentage of profit. And if you bought from an entrepreneur, then you still had to pay 28% of the purchase price to the pension fund. FAS also made sure that no one lowered prices.
Then this provision was repealed. And who can set "market" prices except for the participants in the transaction. If now this thing is pushed back, then this is an attempt to destroy the country's economy
Curiously

[SERGUS]

Quote: stas

It is high time that the military-industrial complex would issue money to the state-owned and not commercial bank.

So the Sberbank is already state-owned, only the whole vinaigrette is due to the fact that the Sberbank is afraid that it will fall under sanctions because it gives money to the defense enterprises of Russia. Only IMHO the states if they want to impose sanctions on the Sberbank and will do so, they will find a reason, even if it is not there, they will come up with it, they know how to do it.

[oldseaman1957]

It's time to create the financial independence of the military-industrial complex. “Own” bank - RFK, will be the head one over the others, so the military will always be fed as it should. Well, accordingly, the control should be of high quality.

[drunkram]

In the photo ZRPK "Shell-C1" on the chassis MAN-SX45? who are they for?

[Lord of the Sith]

To Saudis or to Algeria

[Sergey-8848]

A completely rhetorical question - why under I.V.S. a similar question would not even have arisen, but now we look back - and what will the Americans say with their sanctions? The answer is obvious - we plunged into satelliteism. Do we emerge now completely, or just to take a breath - about this we are regularly told in economic forums with pleasure by the very people who helped to bend the whole country.

[Kurare]

Quote: Sergey-8848

A completely rhetorical question - why under I.V.S. a similar question would not even have arisen, but now we look back - and what will the Americans say with their sanctions?

As long as there is a full (oil) dollar dependence on the international capital market, the US may threaten all banks in the world operating at the international level with sanctions, fines, etc.

[kunstkammer]

Quote: oldseaman1957

It's time to create the financial independence of the military-industrial complex

It's time to create Russia's financial independence!

[Sharansky]

Go ahead and with the song.

[Romanenko]

This is correct, and from time to time, probably quite by accident, various commercial banks try to bankrupt and bring to their knees either the UVZ, the Kurgan Machine Plant, or some other defense enterprise, I remember Plant No. 9 has almost begun to disassemble, but UVZ did not .
And the strangest thing is that these things arise directly as if by magic, when relations with pin-dos are exacerbated and the production of something like Armata or Kurgan is put on the nose.
Oh do not like "our" bankers defense ....

[assa67]

yes, how many banks can one! ?? ... enter the third hundred! ... contribute capital, recruit staff, etc., etc. .... and so for every unfortunate ten major, not a few, twenty bankers

[SHOCK.]

If the bank means interest. Can’t you directly finance the defense industry? Or should the lads make money! Under a plausible pretext!

[Non liberoid Russian]

yes not really, chtoli came?

[afrikanez]

The most important thing is that the management of this bank would not be entrusted to any Gref or Chubais, God forbid, from such managers. We need loyal homeland and very sensible personnel!

[Sergey53]

At the legislative level, prohibit Sberbank from going abroad and oblige it to work only inside RUSSIA. And the problems will all disappear.

[Bourbon]

Quote: Sergey53

At the legislative level, prohibit Sberbank from going abroad and oblige it to work only inside RUSSIA. And the problems will all disappear.

.....I have no words

[atoliner]

I hope that such laying banks fall under sanctions - after all, the essence of sanctions is precisely this.

[Former battalion commander]

About the Russians survived! Pin.do.snya already within the country commands banks in the OPEN. Even the defense industry (!) Is forbidden to finance. It is impossible to survive the country with such a system of managing thieves at all levels, both in the state and in business ... Even if the Soviet Union collapsed from above, then such a state entity as Russia will not stand. You’ll wonder if it’s so wrong in Ukraine, raking away from such a Titanic. And the main leadership of Russia does not do anything to rectify the situation. At least the bank thief was tamed ...

[Vicon]

Have come! State banks are afraid to work with the defense industry, by the way, also state-owned. So it can assign them the status of "American Russian Bank" and subordinate it openly to the Fed of America. It will be more honest.

[misti1973]

Sberbank and VTB now and so "smoke"! They should have a lot of bad loans there :) We have all speculative banks! What kind of investments? We have all the electronic stuffing imported. You can’t buy it for rubles. All the cattle are gone! Now only feed us with advertising. Where is Armata, where is the Su-57, where is the AK-12? Only one lie!